Nykaa’s IPO to launch on October 28, endeavours valuation of $7.4 billion
Omnichannel magnificence and consumer-care merchandise retailer startup Nykaa will launch its three-day initial public offering (IPO) on October 28, figuring that the company intends to inflate to Rs 5,200 crore through it-as per the sources. The IPO dates have been determined from October 28 to November 1. It will incorporate a new issue of Rs 630 crore, Economic Times reported. A total of 41,972,660 shares would be open through offer-for-sale (OFS), the report appended. “The company is seeking a valuation of around $7.4 billion in the IPO,” a person privy to the development informed the business daily. The online beauty store had…